GST Rate Hike - What is cheap and what is expensive - 18th July
Rates for a number of items were revised during the two-day GST council's 47th meeting last month in Chandigarh in order to increase revenues. The council, led by Finance Minister Nirmala Sitharaman, agreed to bring packed foods like milk, curd, and paneer, unpacked foods like rice and wheat when packed, bank fees for issuing cheques under 5%, and hotels charging Rs 1,000 or less per day for stays under 12%. Here is a list of commodities that will become more expensive beginning today, July 18.
This GST rate hike is breathtakingly irresponsible at a time of mounting economic difficulties for most Indians. The Aam Aadmi will bear the brunt of the burden even as inflation eats into his earnings. Does this government believe it can get away with anything? pic.twitter.com/wFPPfNxlQm
— Shashi Tharoor (@ShashiTharoor) July 17, 2022
List of items that will see a change in GST rates by 5 percent
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Packed foods — milk, curd and paneer
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Unpacked foods — rice and wheat when packed and bank fee for issuing cheques
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Dried leguminous vegetables
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Makhana
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Wheat or meslin flour
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Jaggery
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Puffed rice
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Organic food
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Manure and compost
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Ostomy appliances and transport of goods and passengers by ropeways (Earlier 12 per cent)
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Electric vehicles, whether or not fitted with a battery pack
List of items that will see a change in GST rates by 12 percent
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Hotels charging Rs 1,000 or less per day for stay
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Solar water heaters (Earlier 5 per cent)
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Finished goods like leather products
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Maps and charts, including atlases
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Renting of truck, goods carriage where the cost of fuel is included (Earlier 18 per cent)
List of items that will see a change in GST rates by 18 percent
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Printing
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Writing and drawing ink
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LED lamps
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Drawing instruments
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Tetra packets
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Services such as work contracts for roads, bridges, railways, metro, effluent treatment plants and crematoriums
Unpacked, unlabeled, and unbranded goods will continue to be exempt from GST.
